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transformation of food production systems. Their government is facilitating private-
sector investment into this high-priority arena, which provides a number of exciting
opportunities for partnership, collaboration and knowledge-sharing for our own agri-tech
community, in turn helping to boost our food security ambitions. This will be one of the
areas the new UAE-Korea Comprehensive Economic Partnership Agreement will
enable us to unlock, and we look forward to working with our counterparts to identify
and mine all the opportunities this platform will create for both nations.”

Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said, “The UAE is
undergoing a profound economic transformation, driven by a combination of trade,
talent and targeted investment into high-growth sectors. Our CEPA programme is
essential to these ambitions, strengthening relations with key allies and creating new
opportunities for our exporters, investors and innovators. The UAE-Korea CEPA
embodies our ambitions, offering greater integration with one of the 12 largest global
economies and an industrial powerhouse. It will build on already robust ties, with non-oil
bilateral trade valued at US$5.3 billion in 2023. The UAE is already Korea’s second-
largest trade partner in the Arab World, accounting for 20 percent of Korean trade with
the region, and we fully expect that figure to increase significantly in the years ahead.

WAM

https://www.gulftoday.ae/business/2024/05/29/uae-ministers-officials-praise-cepa-between-uae-
and-republic-of-korea